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Oct 11, 2014
10/14
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but the issue is that this money shall go for real economy not to the financial economy. and it is going mainly to the financial economy. but it will take part into the real >>> tomorrow marks the beginning of a remarkable journey never seen before on cnn. 13 of our networks hosted anchors including me took an emotional trip across several continents to discover our family histories. be sure to check out "roots." our journey home is happening next week. here's a preview. >> it's going to be a journey of surprises. ♪ i can't tell where the journey will end but i know where to start ♪ >> the story of how they came to be. >> i had a great, great, great grandfather come over to paraguay around the 1850s. >> my grand parents died here. >> the story of their ancestors. >> this is where my great grandmother was given up for adoption. >> their history. >> the records go back 40 generations. ♪ didn't know i was lost >> when we found out that there's people here related to us that's when it felt real to me. >> and now they share those stories with you. >> it's like going back
but the issue is that this money shall go for real economy not to the financial economy. and it is going mainly to the financial economy. but it will take part into the real >>> tomorrow marks the beginning of a remarkable journey never seen before on cnn. 13 of our networks hosted anchors including me took an emotional trip across several continents to discover our family histories. be sure to check out "roots." our journey home is happening next week. here's a preview....
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Jun 20, 2012
06/12
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economy. >> you say they don't have too many bullets left. fed chairman thinks he has some. let's listen. >> i wouldn't accept the proposition that the fed has no more ammunition. i do think our tools, while they're nonstandard, still can create more accommodating financial conditions, still provide support for the economy, can still help us return to more normal economic situation. >> what does he mean by nonstandard tools? >> the nonstandard tools are quantitative easing, which is printing more money, putting more into the economy, making it that much more available, or doing what it is doing now, making the ten-year bond very inexpensive to borrow against, and that as a result influences mortgage rates and things like that. john, do you ever remember mortgage rates being 4% or lower for 30 year fixed mortgage? here is the problem. we have done so much already. we all harp on the stimulus bill, $800 billion. the feds put in trillions of dollars into the economy. with all of that support, ult
economy. >> you say they don't have too many bullets left. fed chairman thinks he has some. let's listen. >> i wouldn't accept the proposition that the fed has no more ammunition. i do think our tools, while they're nonstandard, still can create more accommodating financial conditions, still provide support for the economy, can still help us return to more normal economic situation. >> what does he mean by nonstandard tools? >> the nonstandard tools are quantitative...
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Jul 15, 2012
07/12
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is dangerous for our economy. but politicians, particularly uncompromising highly partisan ones, don't simply drop out of the sky and land in washington. someone hires them. someone pays them, and someone encourages them. that someone is at the root of the problem. that someone could end the partisanship and that someone could get our politicians doing what they are supposed to be doing. you may not want to hear this, but that someone is you. the one person who that can really make a difference now as these economic storm clouds approach our shores is you. so why are you doing this? well, a couple of reasons probably. first, you want it all. you want all the benefits of government -- medicare, social security, unemployment checks, maintains highways, homeland security, loans to buy a house or go to college but you don't want to pay for it, at least you don't want to pay any more for it. you want lower taxes. so do i, by the way. and number two, you are having trouble getting past the politic and voting real adults
is dangerous for our economy. but politicians, particularly uncompromising highly partisan ones, don't simply drop out of the sky and land in washington. someone hires them. someone pays them, and someone encourages them. that someone is at the root of the problem. that someone could end the partisanship and that someone could get our politicians doing what they are supposed to be doing. you may not want to hear this, but that someone is you. the one person who that can really make a difference...
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Jan 21, 2012
01/12
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when the chinese economy slows down. i can't time this, ali. i can't tell you that this will happen before an election. the market right now says i'm wrong, by the way. but what i'm telling you is if this bleeds over, and it's not unlikely that it does, if it drags down u.s. demand, that will have an impact on how these consumers -- forget voters, how consumers feel and eventually voters feel and they'll punish the man in office, either before or after. >> alexis, europe is everybody's biggest or second biggest trading partner. europe's leaders have made it clear they don't want a lesson in handling their debt problems from the u.s. the u.s. is very keen to give them some guidance. tim geithner has been there several times on what to do. but if europe's crisis threatens the improving economy that president obama needs to run on, the one he's got right now, what does he do? what does president obama and what does treasury secretary geithner, what do americans do to say please, please get your house in order. >> i've got t
when the chinese economy slows down. i can't time this, ali. i can't tell you that this will happen before an election. the market right now says i'm wrong, by the way. but what i'm telling you is if this bleeds over, and it's not unlikely that it does, if it drags down u.s. demand, that will have an impact on how these consumers -- forget voters, how consumers feel and eventually voters feel and they'll punish the man in office, either before or after. >> alexis, europe is everybody's...
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Dec 24, 2011
12/11
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economy. that's looking nor strength going forward-looking for new business creation to begin picking up again. not enough to take down unemployment to the point where it gets to long-term employed, which is what we really worry about but taking down unemployment nonetheless. we have a chance of reaccelerating in 2012 and doing a little better. >> to be fair, even the best projections, 5% unemployment where we were before the recession started, 2017. not talking about a big burst in 2012 but anything makes a difference. harvard university professor, author of "civilization the west and the rest." you bring something here, a deficit reduction plan, 2011 was undeniably a year of political gridlock or what diane calls keystone cops in washington. leadership deficits have held us back. how do you see this playing out in 2012? >> well, it's hard to be too optimistic. one of the thins that gave us signs of life in the last quarter was a plunge in the savings rate. i'm not sure americans can really p
economy. that's looking nor strength going forward-looking for new business creation to begin picking up again. not enough to take down unemployment to the point where it gets to long-term employed, which is what we really worry about but taking down unemployment nonetheless. we have a chance of reaccelerating in 2012 and doing a little better. >> to be fair, even the best projections, 5% unemployment where we were before the recession started, 2017. not talking about a big burst in 2012...
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May 20, 2012
05/12
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call or come in today to take control of your personal economy. get one-on-one help from america's retirement leader. now's the time to move from to where you want to go. look up. with u.s. bank let's get the wheels turning. use our strength & stability to open new opportunities. to lend, and lift ...every business...every dream... to new heights of prosperity. good things are happening. just look up. with u.s. bank. and on small business saturday bothey remind a nations of the benefits of shopping small. on just one day, 100 million of us joined a movement... and main street found its might again. and main street found its fight again. and we, the locals, found delight again. that's the power of all of us. that's the power of all of us. that's the membership effect of american express. when it comes to home insurance, surprises can be a little scary. and a little costly. that's why the best agents present their clients with a lot of options. because when it comes to what's covered and what's not, nobody likes surprises. [ click ] [ chuckles ] we
call or come in today to take control of your personal economy. get one-on-one help from america's retirement leader. now's the time to move from to where you want to go. look up. with u.s. bank let's get the wheels turning. use our strength & stability to open new opportunities. to lend, and lift ...every business...every dream... to new heights of prosperity. good things are happening. just look up. with u.s. bank. and on small business saturday bothey remind a nations of the benefits of...
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Jul 14, 2012
07/12
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this is dangerous for our economy. the politicians, particularly uncompromising highly partisan ones, don't simply drop out of the sky and land in washington. someone hires them. someone pays them. someone encourages them. that someone is at the root of the problem. that someone could end the partisanship and that someone could get our politicians doing what they are supposed to be doing. you may not want to hear this. that someone is you. the one person that can really make a difference now as these economic storm clouds approach our shores is you. why are you doing this? a couple of reasons probably. first, you want it all. you want all the benefits of government, medicare, social security, unemployment checks, maintained highways, homeland security, loans to buy a house or go to college but you don't want to pay for it or at least you don't want to pay more for it. you want lower taxes. so do i by the way and number two, you're having trouble getting past the politics and voting real adults into office who are willi
this is dangerous for our economy. the politicians, particularly uncompromising highly partisan ones, don't simply drop out of the sky and land in washington. someone hires them. someone pays them. someone encourages them. that someone is at the root of the problem. that someone could end the partisanship and that someone could get our politicians doing what they are supposed to be doing. you may not want to hear this. that someone is you. the one person that can really make a difference now as...
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Apr 13, 2013
04/13
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two economies, three economies, four, five economies. it's clear the economy is not working for a big chunk of people. what's going wrong? >> well, there are many dimensions, globalization and some of our jobs are being replaced by people in asia and other places. eventually robots. we also have the financial crisis, which has left a lot of our youth unemployed. a lot of people have trouble getting into the labor force and they're going to be hurt for a long time. and on the other end of it, certainly what wilbur said about the rich getting very rich. that's really split people up. he mentioned the education system. absolutely we have to work on that. >> is he right about that 37%, that we have such a great safety net in america, that 37% of people are not engaged in the economy and that's all right? >> i don't want to go there, but obviously what it means to be poor in the united states is different than being in india. it's -- but i think the vast majority of people are still quite aspirational and would like a ladder up if offered one
two economies, three economies, four, five economies. it's clear the economy is not working for a big chunk of people. what's going wrong? >> well, there are many dimensions, globalization and some of our jobs are being replaced by people in asia and other places. eventually robots. we also have the financial crisis, which has left a lot of our youth unemployed. a lot of people have trouble getting into the labor force and they're going to be hurt for a long time. and on the other end of...
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Oct 27, 2012
10/12
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economy back into recession. with ten days until the re-election, it doesn't look like we're going to get it, not out of washington, not out of congress, and certainly not on the campaign trail. what have you heard? have you heard anything that you need to hear to make your decision? tell me on facebook or via twitter. let's keep the conversation
economy back into recession. with ten days until the re-election, it doesn't look like we're going to get it, not out of washington, not out of congress, and certainly not on the campaign trail. what have you heard? have you heard anything that you need to hear to make your decision? tell me on facebook or via twitter. let's keep the conversation
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Sep 30, 2012
09/12
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economy that can't get its footing. consumers are feeling more upbeat and an improvement in housing probably has a lot to do with that. we just talked about the threat of the fiscal cliff, the u.s. centered storm, but we cannot ignore the head winds coming from europe. joining me now to debate this topic is host of "quest heemean business" on cnn international. richard, the question is will europe derail a u.s. recovery? give me 60 seconds on the clock starting right now. richard, the answer is categorically, absolutely yes. the storm hanging over europe just won't go away, and each day that it stays there is another day that europeans who have been among the biggest and best consumers of u.s.-produced goods and services are buying fewer and fewer of them despite two years of bad governance and poor decision making in europe, americans are sortly weirdly feeling better about their own economy. richard, evidenced by this week's consumer spending and housing numbers, but cheap money and low home prices are driving the ame
economy that can't get its footing. consumers are feeling more upbeat and an improvement in housing probably has a lot to do with that. we just talked about the threat of the fiscal cliff, the u.s. centered storm, but we cannot ignore the head winds coming from europe. joining me now to debate this topic is host of "quest heemean business" on cnn international. richard, the question is will europe derail a u.s. recovery? give me 60 seconds on the clock starting right now. richard, the...
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Jun 23, 2012
06/12
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look, there is a difference in how you fix the economy. but barack obama is saying right now, christine, in my opinion, let's have more of what we did in 2009 in terms of stimulus, aid to states and local governments. the republicans are saying, hell, no. >> where would we be, stephen without that, if you look at the economic growth, you could argue without all that support to the economy, things could be much, much worse. >> you could always argue things could be worse. here is the problem for the president, christine. i'm glad you played that clip. give me two years, three years, if i haven't fixed things, bring in a new coach. a lot of saying, it's been three years, the economy is flat lined. ben bernanke said this week he's expecting growth of 2%. look, if you look at the growth rates coming out of the past recessions, growth rates were 5, 6, 7%. >> you cite that. those recessions were not this recession. this is much deeper. it's really important. >> that's true. >> ben bernanke isn't helping. everyone is looking at him, he's not doin
look, there is a difference in how you fix the economy. but barack obama is saying right now, christine, in my opinion, let's have more of what we did in 2009 in terms of stimulus, aid to states and local governments. the republicans are saying, hell, no. >> where would we be, stephen without that, if you look at the economic growth, you could argue without all that support to the economy, things could be much, much worse. >> you could always argue things could be worse. here is the...
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Feb 28, 2017
02/17
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the consumer confidence, the job market confidence. >> pull about up the economy. >> right. they're showing -- that's what people want. obviously there's going to be a political divide. that's what eeg going to bring people in. governor, respectfully to your point, that sounds like a democratic phone book to get up there and read on talking points against him. he has his message. he won 3507 electoral votes and people voted for him because of the pledges and policies. >> great. he's a minority president. he has a lot of persuading to do. so when he came in, people were giving him the benefit of the doubt. he had about a 45/45 approval/disapproval rating. now he's 12 points under water. people are watching. yes, he's bringing in ceos but he's taking credit for things that were already happening. name one action he's taken that he's been able to have an impact on the economy, that's his responsibility? >> we saw it even before the president was even inaugurated. we saw the carrier deal. >> but the carrier deal was the result of state tax incentives. he did nothing but shining
the consumer confidence, the job market confidence. >> pull about up the economy. >> right. they're showing -- that's what people want. obviously there's going to be a political divide. that's what eeg going to bring people in. governor, respectfully to your point, that sounds like a democratic phone book to get up there and read on talking points against him. he has his message. he won 3507 electoral votes and people voted for him because of the pledges and policies. >>...
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Sep 16, 2012
09/12
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the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm p. making real things... for real. ...that make a real difference. ♪ throughout our lives. one a day women's 50+ is a complete multivitamin designed for women's health concerns as we age. it has more of 7 antioxidants to support cell health. one a day 50+. bernard-henri le vie, the french philosopher who was instrumental in gelding the world to intervene last year. he spent a lost time in benghazi and was a friend of chris stevens. paul wolfowitz was the secretary of defense under president george. with bush and the president of the world bank and tariq ramadan. he's an author. ramadan's grandfather was the founder of the muslim brotherhood. bernard, tell us what you can tell us about libya. does this -- does t
the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm p. making real things... for real. ...that make a real difference. ♪ throughout our lives. one a day women's 50+ is a complete multivitamin designed...
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Jan 29, 2012
01/12
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economy is not built on exports. japan's economic rise on the other hand has been almost entirely powered by exports. so what has changed in japan? the japanese government would like to blame one-off events. last year's earthquake and tsunami crippled factories and shut down nuclear energy reactors. the off shoot of that was decreased economic output. plus, they needed import expensive oil from the middle east. natural disasters have only highlighted and accelerated existing trends in japan. a decline in competitiveness and an aging work force. china and other ease asian country with make cheaper products and in greater quantities. add to that a rising yen, and japan's exporters have been at a disadvantage globally. it doesn't make sense to manufacture in japan. add to this japan's demographics. between 1990 and 2007 japan's working population dropped from 86 million to 83 million. at the same time americans between the ages of 15 and 64 rose from 160 million to 200 million. in a global marketplace this is a major ha
economy is not built on exports. japan's economic rise on the other hand has been almost entirely powered by exports. so what has changed in japan? the japanese government would like to blame one-off events. last year's earthquake and tsunami crippled factories and shut down nuclear energy reactors. the off shoot of that was decreased economic output. plus, they needed import expensive oil from the middle east. natural disasters have only highlighted and accelerated existing trends in japan. a...
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Oct 14, 2012
10/12
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that's the world economy and the u.s. economy. the ims cited two reasons things could get worse. first, if european leaders fail to support their ailing economies, and second, if leaders here in the united states let us plunge over the fiscal cliff. the ims sister corporation citing the same two factors cut its growth forecast for asia this week as well. that's for the next couple years. where are we going to be in 2016, four years from now, when we're discussing the next u.s. election. that depends on which of these two roads america takes on election day. i'm going to take you down both paths in this show starting with what 2016 will look look under a president mitt romney. start with jobs. he says 12 million jobs will be created in the next four years. i keep telling you that claim is ridiculous considering the sluggish growth we're seeing right now and the new downward revision. but for the purpose of this exercise, i'm going to take him at his word and presume a historic surge in jobs lies ahead. let's talk about taxes. next i'm going to let governor romney explain this for
that's the world economy and the u.s. economy. the ims cited two reasons things could get worse. first, if european leaders fail to support their ailing economies, and second, if leaders here in the united states let us plunge over the fiscal cliff. the ims sister corporation citing the same two factors cut its growth forecast for asia this week as well. that's for the next couple years. where are we going to be in 2016, four years from now, when we're discussing the next u.s. election. that...
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Mar 23, 2013
03/13
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fedex as a gauge of the global economy. fedex posted its third drop in earnings and raised red flags saying shipments to and from asia slowed substantially. also customers are starting to ship to slower methods to save money. fedex ships worldwide so analysts look at earnings report as an early indicator of where the global economy is headed. >> the stock tanked. we know europe is still a mess. it slipped back into recession, but these fears center around slowing growth in asia. how worried should we be about what fedex is telling us? it's so interesting. fedex global revenue, $44 billion. what's happening in the world really matters. it's twice the size of psi press. a little thing like that can be a problem. they are their thumb on the pulse of the economy. >> when it comes to companies, transparency is crucial. when i say that i'm talking about policies or practices. not their yoga pants. lululemon is a great canadian company and never struggled for survival. excellent anthem in the background. it had to pull several sty
fedex as a gauge of the global economy. fedex posted its third drop in earnings and raised red flags saying shipments to and from asia slowed substantially. also customers are starting to ship to slower methods to save money. fedex ships worldwide so analysts look at earnings report as an early indicator of where the global economy is headed. >> the stock tanked. we know europe is still a mess. it slipped back into recession, but these fears center around slowing growth in asia. how...
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Dec 8, 2012
12/12
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impact in the economy now? >> it's having real impact and name pact will growth longer we take to come to a deal, some deal, any deal. what everybody wants, individuals who are going to be paid in january, they don't know how much and businesses, so what's the deal? what are -- what do we have to plan on? >> the best down payment would be to continue tax rates at the middle class for the rates they are, the best down payment. that's the best easy first step and i hope congress will realize take a step and take it now and give the president something he can sign. >> that has to be the last word. thanks, guys. >>> from the downward slope of the cliff to the upward climb on jobs, a big surprise in the november jobs numbers. it's a step in the right direction, but ali velshi will join me with a look at why we need to do much more. americans believe they should be in charge of their own future. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping mil
impact in the economy now? >> it's having real impact and name pact will growth longer we take to come to a deal, some deal, any deal. what everybody wants, individuals who are going to be paid in january, they don't know how much and businesses, so what's the deal? what are -- what do we have to plan on? >> the best down payment would be to continue tax rates at the middle class for the rates they are, the best down payment. that's the best easy first step and i hope congress will...
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Jan 15, 2012
01/12
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economy right now in 2012? >> i think optimism is kind of a relative concept compared to a growth recession in the first half of 2011. yeah. i mean we're coming off very low levels here and still trying to recoup ground lost in the labor markets and it's going to be very uneven in the year ahead. my own forecast for growth is significantly lower, 2, 2.25% growth and i'd love to eat crow on that. i would absolutely welcome a much more robust recovery. and i think political uncertainty is one of the primary hurdles going forward in the u.s. and i don't discount europe. i think europe is extremely important. we have over $2 trillion in exposure to european bank debt, nonbank debt and sovereign debt in our banking system alone. so that added to the exposure of money market funds and the risk of contagion, as long as the euro zone doesn't completely fall apart it will only dampen growth in the united states. >> let me ask you -- >> can i add something. >> go ahead, steven. let me ask to the risks. we talked about wh
economy right now in 2012? >> i think optimism is kind of a relative concept compared to a growth recession in the first half of 2011. yeah. i mean we're coming off very low levels here and still trying to recoup ground lost in the labor markets and it's going to be very uneven in the year ahead. my own forecast for growth is significantly lower, 2, 2.25% growth and i'd love to eat crow on that. i would absolutely welcome a much more robust recovery. and i think political uncertainty is...
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Nov 4, 2012
11/12
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so you have a strong america leading a strong global economy. so no matter who comes in, whether it's obama or romney -- in the case of romney, it will take one to two years for the dust to settle down. but they'll come back and eventually stabilize because it's in the interest of both sides to keep a stable relationship. >> dominique, when yo luke at the european crisis, what i'm struck at is this may be the mifrt major international crisis where united states is really something of a bystander. it's not really involved much. it's involved on the margins. is this part of the world? do europeans like this? do they wish the united states were more involved or are they thinking, you know what, we have the mechanisms to handle this and we're glad the obama administration is staying out? >> well, i think the europeans are witnessing the change, and it's not a question or liking it or disliking it. it's a reall. and from the standpoint, i think the europeans a bit like the chinese would say obama or romney, by the end of the day, it may not make such
so you have a strong america leading a strong global economy. so no matter who comes in, whether it's obama or romney -- in the case of romney, it will take one to two years for the dust to settle down. but they'll come back and eventually stabilize because it's in the interest of both sides to keep a stable relationship. >> dominique, when yo luke at the european crisis, what i'm struck at is this may be the mifrt major international crisis where united states is really something of a...
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Oct 6, 2012
10/12
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they talked a lot about the economy and jobs. if i were a voter i would demand an answer on exactly how anyone wants any elected office in washington plans to prevent this insanity. >> it came up indirectly when jim lehrer in the republican primaries, raise your hand if you'll take a deal for $1 in tax increases you get $10 in spending cuts and none of the republicans took that deal. the president doesn't want to talk about this before the election because he has to look democrats in the eye if i cut a real deal it will cut some programs. governor romney knows if you still have a democratic senate roughly divided evenly congress the revenue question will be back on the table in some form. senatonunn has been gone from the town for a while and grateful for that. he used to serve in what they dauld world's most deliberative body. not so much any more. >> all of stay here. we got nor discuss. coming up winston churchill said you can always count on americans to do the right thing after they've tried everything else. why is sam nunn
they talked a lot about the economy and jobs. if i were a voter i would demand an answer on exactly how anyone wants any elected office in washington plans to prevent this insanity. >> it came up indirectly when jim lehrer in the republican primaries, raise your hand if you'll take a deal for $1 in tax increases you get $10 in spending cuts and none of the republicans took that deal. the president doesn't want to talk about this before the election because he has to look democrats in the...
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Jun 8, 2012
06/12
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"outfront" tonight is the economy, stupid. in a surprise news conference today the president blamed congress for keeping americans out of work. >> they left most of the jobs plan just sitting there, and in light of the head winds that we're facing right now, i urged them to reconsider because there are steps to take right now to put more people back to work. >> the president is angry that congress has not passed his jobs bill, which sat on the shelf since last fall. part of it did pass. the payroll tax cut extension and long-term unemployment insurance, but the president wants to pass the rest immediately and the price tag is $297 billion. his bill summary, which we obtained from the white house, says that money will go to things like preventing teacher layoffs, modernizing schools, building science labs for a total of $297 billion. does spending more at up? we did the math on how much money taxpayers have spent on stimulus since it began in 2008 under george w. bush. the first stimulus bill, this was president obama's in the
"outfront" tonight is the economy, stupid. in a surprise news conference today the president blamed congress for keeping americans out of work. >> they left most of the jobs plan just sitting there, and in light of the head winds that we're facing right now, i urged them to reconsider because there are steps to take right now to put more people back to work. >> the president is angry that congress has not passed his jobs bill, which sat on the shelf since last fall. part...
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Jun 1, 2012
06/12
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the economy sputtered more. the government told us the unemployment rate was ticking up a bit to 8.2%. they said they were adjusted march and april down ward. three disappointing months in a row is a dangerous trend. president obama blamed the recession he inherited, the european financial crisis and gridlock in congress. >>> we can't fully control everything that happens in other parts of the world. disturbances in the middle east, what's going on in europe. there are plenty of things we can control here at home. there are plenty of steps we can take right now to help create jobs and crow this economy. >> republicans, including mitt romney, suggested president obama look in the mirror. >> their policies have not worked. in many respects, their policies have made it harder for the economy to recover. i think that's one of the reasons why people are looking for a new direction. >> more on the politics of jobs. what's behind the sluggish numbers at home and the pressures from abroad? our chief business corresponde
the economy sputtered more. the government told us the unemployment rate was ticking up a bit to 8.2%. they said they were adjusted march and april down ward. three disappointing months in a row is a dangerous trend. president obama blamed the recession he inherited, the european financial crisis and gridlock in congress. >>> we can't fully control everything that happens in other parts of the world. disturbances in the middle east, what's going on in europe. there are plenty of things...
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Aug 10, 2011
08/11
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he' going to be running against the economy. and it all matters next year at this time if we reconvened, are we better off than we were at this point? is unemployment down to eight point, not nine point? but the president has an advantage to the mountdown this summer that it happened now, not next summer. it gives him a year to show he's doing things with the economy. we're talking about winding down the wars in afghanistan and iraq. what can he do as president with china? can we get some of our debt with china forgiven if we -- if they accept inflated dollars. the democrats are unified and the republicans have a split. it's not hard to see with this new commission getting, you know, a tea party person like tancredo. getting a third party that would destroy the republican party. you don't have a breakaway. you don't have what jimmy carter faced in 1980, ted kennedy. if he can keep his base together, which i believe he will, i think his chances for re-election look good. >> it's a decade on from the terrible day. it's been dramat
he' going to be running against the economy. and it all matters next year at this time if we reconvened, are we better off than we were at this point? is unemployment down to eight point, not nine point? but the president has an advantage to the mountdown this summer that it happened now, not next summer. it gives him a year to show he's doing things with the economy. we're talking about winding down the wars in afghanistan and iraq. what can he do as president with china? can we get some of...
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Sep 14, 2013
09/13
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but in this economy, there are no guarantees. more than 36% of recent grads are working in jobs that do not require a college degree. >> have a good day. >> reporter: that's why the country's most famous student loan recipient wants to hold colleges accountable. >> what we want to do is rate them on who's offering the best value so students and taxpayers get a bigger bang for their buck. >> he likes seeing his friends, but he does also have a great time being in college. >> reporter: but finding the bucks in the first place, that's the real struggle for parents like patricia. >> all you want is your kid to go to school and do well, and that's what he's doing, and we don't have the money. >> reporter: few americans will if college costs keep rising. she's doing everything she can, and it's just running right out of her reach. just running away from her, the cost of college. it may be the beginning of the next crisis, but college is still worth it. you saw the numbers there, lower unemployment rates and much higher wages. salaries
but in this economy, there are no guarantees. more than 36% of recent grads are working in jobs that do not require a college degree. >> have a good day. >> reporter: that's why the country's most famous student loan recipient wants to hold colleges accountable. >> what we want to do is rate them on who's offering the best value so students and taxpayers get a bigger bang for their buck. >> he likes seeing his friends, but he does also have a great time being in college....
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Feb 18, 2014
02/14
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now, the economy is growing. our businesses have created over 8.5 million new jobs over the past four years. the unemployment rate is actually the lowest it has been in over five years. but the trends, the long-term trends that have hurt middle class families for decades, have continued. folks at the top are doing better than ever before. average wages and incomes have barely budged. too many americans are working harder than ever just to keep up. so our job is to not only get the economy growing but also to reverse these trends and make sure that everybody can succeed. we have an economy that works for everybody, not just fortunate few. opportunity for all. that's the essence of america no matter who you are, no matter where you come from, no matter how you start out. if you're willing to work hard and take responsibility, you can succeed. so i have laid out an opportunity agenda to help us do that. part one is create more new jobs that pay good wages. jobs and manufacturing, energy, exports, innovation. part tw
now, the economy is growing. our businesses have created over 8.5 million new jobs over the past four years. the unemployment rate is actually the lowest it has been in over five years. but the trends, the long-term trends that have hurt middle class families for decades, have continued. folks at the top are doing better than ever before. average wages and incomes have barely budged. too many americans are working harder than ever just to keep up. so our job is to not only get the economy...
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Jun 30, 2012
06/12
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why is that acceptable in our dynamic economy and our democracy? why can't we tell people stop with the pledges. go in there and make the necessary deals that have to be done. i'm not asking you as a conservative. liberals and conservatives need to do this. move on this. >> the reason i think guys like grover put that pledge out there and politicians follow that pledge is because where i started this. the historical perspective is you give a dollar to the government and it finds a dollar to place in spending. it finds a way to spend that dollar. grover, i would assume, i don't want to speak for him, we have to cut off the spending of government. you are right. it doesn't allow for emergencies. we've arrived at two emergencies you point out, one is the fiscal cliff and the other is the one you're not talking about and that is the long term debt and deficit problem. right? both of those problems are working in opposite of each other. >> correct. >> so we have to, yes, perhaps let go of some of our historical perspective to make concessions on those e
why is that acceptable in our dynamic economy and our democracy? why can't we tell people stop with the pledges. go in there and make the necessary deals that have to be done. i'm not asking you as a conservative. liberals and conservatives need to do this. move on this. >> the reason i think guys like grover put that pledge out there and politicians follow that pledge is because where i started this. the historical perspective is you give a dollar to the government and it finds a dollar...
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Oct 20, 2013
10/13
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damage to the economy and the republican party may have already been done. business itself is pushing back. the dysfunction washington and trade groups about the close relationship between business and the gop. >> pop quiz which is the party of business. republican are or democrats? >> it had been assumed that republicans were in bed together. now you see that they are not all that friendly. it has scramble d. a philosophy famously articulated by ronald reagan. government is not the solution to our problem, government is the problem. >> corporations are people my friend. >> willingness by the right wing to threaten default and shut down the government is threatening the damage to shut down the alliance. they may not get their phone calls answered. those contributions have kept republicans flushed with cash. the $32 million spent went mostly to elect gop candidates. the majority also benefit republicans. so could democrats benefit from a split within the party. >> i think it would be a stretch to say that all of a sudden democrats will get along much bett bet
damage to the economy and the republican party may have already been done. business itself is pushing back. the dysfunction washington and trade groups about the close relationship between business and the gop. >> pop quiz which is the party of business. republican are or democrats? >> it had been assumed that republicans were in bed together. now you see that they are not all that friendly. it has scramble d. a philosophy famously articulated by ronald reagan. government is not the...
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Jun 3, 2012
06/12
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you don't see mixed signals in the economy. >> jdp has been anemic. home sales have been very anemic. i tend to put more credence in the case-shiller index. look at payroll. the number of jobs created in may. and the most disturbing part of that ali, is that we lost, still, losing 15,000 goods producing jobs, even after the recession began in december of 2007, we are still not producing jobs in this country that can sell goods overseas. >> you're an investment editor. as far as you're concerned, things are not looking good. john, what's your take? >> we think things are getting better. nobody does anything until they have to. i agree with you. the numbers are confusing. let's talk about what is really important. let's talk about the bigger picture. what's going on in europe is the confidence in governments, to say the least, is waning. and to give you an example, the departments have issued 50% less debt in europe. corporations, however, have issued 300% more debt. and what you're seeing globally is a huge gravitation from institutions and people inve
you don't see mixed signals in the economy. >> jdp has been anemic. home sales have been very anemic. i tend to put more credence in the case-shiller index. look at payroll. the number of jobs created in may. and the most disturbing part of that ali, is that we lost, still, losing 15,000 goods producing jobs, even after the recession began in december of 2007, we are still not producing jobs in this country that can sell goods overseas. >> you're an investment editor. as far as...
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Nov 18, 2012
11/12
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the eu economy, as you know, ali, is larger than the u.s. economy. so i think what's going to happen is president obama is going to watch very anxiously because it, as you say, does have a huge impact, but i don't think there's much he can do about it. >> that's why they don't talk about it as much. china is more complicated. in europe we're more worried about the economy. in china, there are a number of issues. one are the economic issues that i talked about, low wages, currency, manipulation, intellectual property theft and those things, and then there's the other issue, and that is that china and the u.s. do not see eye to eye on a lot of major issues that the world is facing right now. >> you're exactly right. the economic issues, i think, fundamentally can be dealt with. i think that as often happens when you deal with trade-related things in a campaign, everything that is said during the campaign of an american presidential campaign should be thrown into the garbage can. >> the chinese probably understand that. >> one hopes the chinese is sophi
the eu economy, as you know, ali, is larger than the u.s. economy. so i think what's going to happen is president obama is going to watch very anxiously because it, as you say, does have a huge impact, but i don't think there's much he can do about it. >> that's why they don't talk about it as much. china is more complicated. in europe we're more worried about the economy. in china, there are a number of issues. one are the economic issues that i talked about, low wages, currency,...
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Nov 3, 2012
11/12
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social net as a percentage of the economies. europe's economy is in recession. the u.s. is still growing. maybe that's proof that our cut-throat version of capitalism works despite the social costs. >> one of the reasons the american economy is now growing is the government has done substantial stimulus spending whereas one of the reasons that europe is in such bad shape is that they have actually been cutting government spending from their former baseline, so, in fact, in the past couple of years, the trends have been -- have been opposite what they have been for 30 years. the europeans have been much more austere, you know, countries like britain cutting government spending whereas in the united states there was a big effort, which is now sort of like dwindling, but there was initially a very big stimulus effort. >> just 30 seconds left, the fundamental issue here is americans want the benefits of big government, medicare, social security, jobless checks when they need it, loans to buy a house, loans to go to college, but they also want small government, and that small
social net as a percentage of the economies. europe's economy is in recession. the u.s. is still growing. maybe that's proof that our cut-throat version of capitalism works despite the social costs. >> one of the reasons the american economy is now growing is the government has done substantial stimulus spending whereas one of the reasons that europe is in such bad shape is that they have actually been cutting government spending from their former baseline, so, in fact, in the past couple...
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Dec 25, 2011
12/11
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economy right now on the economy and it's fragile. it is fragile. when you look at the jobs picture over the last three years, we lost about 8 million jobs in that horrible recession of 2008, 2009. we've only recovered about 2 million of them. this has been by far the most anemic recovery. hopefully under a normal kind of recovery pattern, we'd see big job growth next year. that would be the normal course of events. the worry i have, we were in the economy of 1970s you have periods of false prosperity where the economy would lift up and fall and lift up and fall. that seems to be the pattern right now. i don't think you'll see a real resolution. you're not going to see those employers really go out and hire, i think, until the election is held in november 2012. i really think people are in a holding pattern right now. >> chrystia, what's the best solution? what is the fix? we know the blame. we know why we are where we are largely. we know a lot of people share responsibility for this. what's the logical fix? it doesn't seem to be the thing we're ta
economy right now on the economy and it's fragile. it is fragile. when you look at the jobs picture over the last three years, we lost about 8 million jobs in that horrible recession of 2008, 2009. we've only recovered about 2 million of them. this has been by far the most anemic recovery. hopefully under a normal kind of recovery pattern, we'd see big job growth next year. that would be the normal course of events. the worry i have, we were in the economy of 1970s you have periods of false...
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Aug 18, 2012
08/12
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the latest look at our economy shows 41% of you think the economy is stable. 19% of you say it's starting to recover. but 39% of you say the economy is getting worse. polls aside, i traveled to the heartland to find out what america looks like from a diner in my home state of iowa. >> do you think the middle class is growing today? do you think the middle class is in an okay position? >> i think they're getting better. but, you know, three years ago, we were a lot busines busier ea the year. >> what does it mean to be middle class in the midwest, do you think? >> probably 50,000 to $150,000 a year. >> having a job and -- >> having a job, getting yourself stabilized. >> when you talk about iowa, you need to talk about corn, of course. americans consume nearly 43 pounds of corn every year on average. that's seven pounds of sweet corn and nearly 36 pounds of high fructose corn syrup. the u.s. produces 38% of the world's corn. no state produces more than iowa. but the drought that's destroying crops across the u.s. is hitting that state hard. farmers are watching their crops shrivel in the fi
the latest look at our economy shows 41% of you think the economy is stable. 19% of you say it's starting to recover. but 39% of you say the economy is getting worse. polls aside, i traveled to the heartland to find out what america looks like from a diner in my home state of iowa. >> do you think the middle class is growing today? do you think the middle class is in an okay position? >> i think they're getting better. but, you know, three years ago, we were a lot busines busier ea...
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Dec 11, 2011
12/11
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years to get this economy right. to infuse a little bit of confidence in our direction. he has failed. that door has closed and it doesn't matter whether he goes to illinois, ohio, california, or new hampshire. nobody cares. nobody is paying attention. >> pete, president obama's campaign seems to be heavily focused on the idea, don't blame me, blame congress. blame the fact it was the worst economic downturn since the great depression. jon huntsman saying you had two years to fix it. it is not better. >> there is a lot of truth to that. what the obama campaign is saying. nobody wants to make this argument. it is not a great political argument. obama campaign section set. arab spring, what's happened in japan, you have talked about these issues a lot because you are not focused as much on politics as economics. these things affect the world economy. what happened in europe affects all of that affects our economy and does not have as much to do with politics as politicians would like to make you think. >> things are ge
years to get this economy right. to infuse a little bit of confidence in our direction. he has failed. that door has closed and it doesn't matter whether he goes to illinois, ohio, california, or new hampshire. nobody cares. nobody is paying attention. >> pete, president obama's campaign seems to be heavily focused on the idea, don't blame me, blame congress. blame the fact it was the worst economic downturn since the great depression. jon huntsman saying you had two years to fix it. it...
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Sep 16, 2012
09/12
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you said i don't want the fed to fix the economy, i want to fix the economy, but we could fix the economy if we had not had the fed trying to manage the economy for a long time. so, yes, i believe in the market, and most people, you know, who are investors and believe in the free enterprise system believe in the markets, but not in money. money is half the economy. so you want price fixing in there with the money, that's the interest rate, and price fixing doesn't work anyplace else, so why would it work with money? >> for a second put aside what you would do with the fed question and go back to the fed was trying to fix things in the economy. you said they're not an effective tool but they're trying to increase employment. congress really isn't helping on that front. do you believe congress could have a bigger role in supporting a and growing employment in this country? >> absolutely. congress is always too involved. too much regulation, too much taxes, too much spending, but the spending wouldn't occur if you didn't have the fed. because the members of congress are politicians and they
you said i don't want the fed to fix the economy, i want to fix the economy, but we could fix the economy if we had not had the fed trying to manage the economy for a long time. so, yes, i believe in the market, and most people, you know, who are investors and believe in the free enterprise system believe in the markets, but not in money. money is half the economy. so you want price fixing in there with the money, that's the interest rate, and price fixing doesn't work anyplace else, so why...
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Mar 25, 2014
03/14
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as i said earlier, i highly undiversified economy like the russian economy, which is so much oil and gas dependant, which has not invested in infrastructure and other areas of the economy, will be worried in the financial sector or in weapons or in trade or indeed, in energy. there could be potential sanctions that will hurt them. we have to design in such a way that it will particularly hit russia and not europe, the u.s., canada or japan. that is what we are working on. we hope we won't need it. i cannot envision this conflict ending up in a military conflict. i don't think it is likely i don't think anybody wants it. i tote little agree with president obama's answers on article 5 where the conflict will be taken to the board in the nato countries. luckily, that is, at this moment, not the case. >> questions. >> you met a lot of leaders here. many were angry about the nsa story. have you fixed the relationships with these leaders and the second question is, many are shocked by the extent of which the nsa collects private data. today, we read in "the new york times" that you plan to
as i said earlier, i highly undiversified economy like the russian economy, which is so much oil and gas dependant, which has not invested in infrastructure and other areas of the economy, will be worried in the financial sector or in weapons or in trade or indeed, in energy. there could be potential sanctions that will hurt them. we have to design in such a way that it will particularly hit russia and not europe, the u.s., canada or japan. that is what we are working on. we hope we won't need...
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Sep 17, 2011
09/11
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still feels like the economy is bad. perception does matter in politics, sometimes stronger than reality. >> nice to see you. thank you. >>> the president wants money to create jobs. congressional republicans are hardly ready to sign the checks. this is web-based trading, re-visualized. streaming, real-time quotes. earnings analysis. probability analysis: that's what opportunity looks like. it's all visual. intuitive. and it's available free, wherever the web is. this is how trade strategies are built. tradearchitect. only from td ameritrade. welcome to better trade commission free for 60 days when you open an account. i tell you what i can spend. i do my best to make it work. i'm back on the road safely. and i saved you money on brakes. that's personal pricing. >>> president obama wants his american jobs act passed on the hill. he'll need support from republicans in congress to get that done. that has the president questioning the intentions of some on the right. >> they supported this stuff in the past. but they are th
still feels like the economy is bad. perception does matter in politics, sometimes stronger than reality. >> nice to see you. thank you. >>> the president wants money to create jobs. congressional republicans are hardly ready to sign the checks. this is web-based trading, re-visualized. streaming, real-time quotes. earnings analysis. probability analysis: that's what opportunity looks like. it's all visual. intuitive. and it's available free, wherever the web is. this is how...
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538
May 26, 2012
05/12
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we know this election is about the economy. what are the most important economic issues to voters and who wins on the issue that voters claim really matter. gallop asked just that question. i want to take you through the results. the higher up on the board an issue is, the more the boaters care about it. the issue where president obama holds the advantage are naturally further on the left. how far on the left they are is a sense of how much the president leads mitt romney by on those issues. issues where mitt romney leads are on the right of the screen. for example, president obama's widest margin of victory over romney is on the issue of who would improve living standards for the poorest of americans. 69% of americans think this is a very, very important issue and 62% of them think obama would do a better job than romney. right there is just one example. the problem with that, it finished eighth on the list of the top ten economic issues. let's talk about the ones that mattered most. all right. number one on the list, health c
we know this election is about the economy. what are the most important economic issues to voters and who wins on the issue that voters claim really matter. gallop asked just that question. i want to take you through the results. the higher up on the board an issue is, the more the boaters care about it. the issue where president obama holds the advantage are naturally further on the left. how far on the left they are is a sense of how much the president leads mitt romney by on those issues....
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Sep 15, 2013
09/13
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in the first quarter of 2008, gdp, economy, economic growth cratered. here is greenspan. >> i was wrong 30% of the time and there are an awful lot of mistakes in 21 years. >> some of the people helping us in the crisis are going to be helping. how do we know they are getting it right? >> if my plumber got it right 70% of the time i wouldn't hire him again. >> they are not doing it completely right. we don't face these things very often. there are people who say if you do what i said, if you just spend a lot more money or did a lot more everything would have been fine. if we wouldn't have let lehman fail everything would have been fine. we don't know. >> one thing, we can start by paying regulators as much as your plumber gets paid. there are a number of things we can do. there can be a new system of paying credit agencies. the money culture in washington there are things we can do. >> one of the things as we move forward. we are going to have to taper. we are going to have to pull back the reins on all of this fed influence in the economy. we have never
in the first quarter of 2008, gdp, economy, economic growth cratered. here is greenspan. >> i was wrong 30% of the time and there are an awful lot of mistakes in 21 years. >> some of the people helping us in the crisis are going to be helping. how do we know they are getting it right? >> if my plumber got it right 70% of the time i wouldn't hire him again. >> they are not doing it completely right. we don't face these things very often. there are people who say if you do...
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Jul 1, 2012
07/12
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economy and pulled from the sidelines. i'm concerned about that. >> that's a lot, diane. >> it is still a lot. but it's not $500 billion. that's a big miss. >> we also started to see -- >> it helps to explain the less than stellar investment numbers that we've seen. we're still seeing investment we're still moving forward. but i agree with mohammed. i'm actually looking at 1.5% growth on the second quarter now. that is really tepid and barely significant in terms of positive. >> bring in the u.n. again here, mohammed. you can negotiate. >> come on, mohammed. >> mohammed, the other concern -- you just come back from europe. we got a deal. i have to tell you, i woke up on friday morning thinking not to expect the deal of the magnitude that they seem to have arrived at in europe which we're going to talk about later in the show. as far as my storm metaphor goes, did the storm over europe just weaken a little bit? >> it did weaken but it's still there. we got a deal and they made important decisions. they didn't make the break
economy and pulled from the sidelines. i'm concerned about that. >> that's a lot, diane. >> it is still a lot. but it's not $500 billion. that's a big miss. >> we also started to see -- >> it helps to explain the less than stellar investment numbers that we've seen. we're still seeing investment we're still moving forward. but i agree with mohammed. i'm actually looking at 1.5% growth on the second quarter now. that is really tepid and barely significant in terms of...
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May 5, 2012
05/12
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and in ohio, again, that romney is better able to handle the economy. that is barack obama's real weakness. >> the core reason obama's position is stronger this spring than it was last fall, why his approval rating is better, is because americans are more optimistic about the forward trajectory of the economy than they were a year ago. one of the principle reasons for that optimism is the job news were getting better over the winner, seeing 200,000 a month. as that rolls back now to a lower level, the big threat to the president is that it will erode that forward looking optimism because i think almost all political strategists and political scientists will agree trajectory matters more than level in presidential politics. the expectations about where we're going. as gloria says, if this is the beginning of a sustained period where job growth will be less robust than it was, the risk to the president is it undermines that sense that we're heading in the right direction. >> and our cnn poll showed over half of the american public is now willing to give m
and in ohio, again, that romney is better able to handle the economy. that is barack obama's real weakness. >> the core reason obama's position is stronger this spring than it was last fall, why his approval rating is better, is because americans are more optimistic about the forward trajectory of the economy than they were a year ago. one of the principle reasons for that optimism is the job news were getting better over the winner, seeing 200,000 a month. as that rolls back now to a...
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Dec 9, 2012
12/12
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economy. some people are saying don't sweat it. the threat of going over the fiscal cliff is overblown. it will get done. an 11th hour deal. john, as you read the politics at play, what do you see? >> i see both sides digging in. you've just played the president saying i want that rate hike. the republicans are saying mr. president, we'll give you the revenues, but not through a rate hike, but the president believes he won the election and he's upped the ante. says he wants twice as much in tax revenues than a year and a half ago, so the president believes he has the higher ground. i think maybe the democrats have a deeper trench, if you will. they have public on their side. but if you talk to people in washington, there's still this sense that at a last minute, reason will prevail, but there's not a lot of optimism. you know this and my colleagues know this, more and more people are talking about the threat. not only if you don't deal with this, you'll send the united states back in a recessi
economy. some people are saying don't sweat it. the threat of going over the fiscal cliff is overblown. it will get done. an 11th hour deal. john, as you read the politics at play, what do you see? >> i see both sides digging in. you've just played the president saying i want that rate hike. the republicans are saying mr. president, we'll give you the revenues, but not through a rate hike, but the president believes he won the election and he's upped the ante. says he wants twice as much...
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Jan 25, 2012
01/12
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the federal government now spends one of every four dollars in the american economy. it borrows one of every three dollars it spends. no nation or enat this titity, small, public or private, can survive with a debt as huge as ours. the president's trickle down government has held back rather than spur economic recovery. he seems to sincerely believe we can build a middle class out of governmentjobs paid for with borrowed dollars. in fact, it works the other way. a government as big and bossy as this one is maintained on the backs of the middle class and those who hope to join it. those punish most by the wrong turns of the last three years are those unemployed or underemployed tonight and those so discouraged they've abandoned the search for work all to go. and no one's been more tragically harmed than the young people of this country. the first generation in memory to face a future less promising than their parents did. as republicans our first concern is for those waiting tonight to resume or begin the climb up life's ladder. we must always be a nation of haves and
the federal government now spends one of every four dollars in the american economy. it borrows one of every three dollars it spends. no nation or enat this titity, small, public or private, can survive with a debt as huge as ours. the president's trickle down government has held back rather than spur economic recovery. he seems to sincerely believe we can build a middle class out of governmentjobs paid for with borrowed dollars. in fact, it works the other way. a government as big and bossy as...
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Oct 1, 2011
10/11
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economies at least. one for people with good jobs and good credit and one for people who have neither. if you're lucky enough to count yourself in the first group, this lousy economy presents some opportunities. yep the stock market's recent plunge has been painful but it means wall street is on sale giving the chance to snag quality stocks that pay good dividends at a discount. secondly despite low mortgage rates home prices can't seem to fine their bottom so scooping up property now if you're prepared to sit on it could bring big returns when the housing market comes back to life. that's the story of the haves, the story of opportunity. if you're living in the have not economy as so many of you are, yours is an entirely different story. bargain stocks and cheap real estate don't do you much good if you're struggling to get by. instead you have to do what you can to protect yourself. build that emergency fund even if it means cutting 401 contributions for a while. don't take on any new high interest deb
economies at least. one for people with good jobs and good credit and one for people who have neither. if you're lucky enough to count yourself in the first group, this lousy economy presents some opportunities. yep the stock market's recent plunge has been painful but it means wall street is on sale giving the chance to snag quality stocks that pay good dividends at a discount. secondly despite low mortgage rates home prices can't seem to fine their bottom so scooping up property now if you're...
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Jun 23, 2012
06/12
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it's their last efforts to help spur the economy along. it's up to congress and the white house to make any more kind of stimlative actions for the economy. >> russell pearlman, thank you very much. >> thank you. >>> 21 hours to convict jerry sandusky, a pennsylvania jury found him
it's their last efforts to help spur the economy along. it's up to congress and the white house to make any more kind of stimlative actions for the economy. >> russell pearlman, thank you very much. >> thank you. >>> 21 hours to convict jerry sandusky, a pennsylvania jury found him
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Dec 10, 2011
12/11
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these things affect the world economy. what happened in europe affects all of that affects our economy and does not have as much to do with politics as politician was like to make. >> things are getting bet mother in the economy. they are getting better. 8.6% for unemployment. you are seeing companies start to hire again. we had very low interest rates. but this president really can't try to say oh, things aren't less bad. vote for me. >> that can't be the election strategy. i think you are right it was at some point going to be let's blame everything on congress, not on me which has historical president. harry truman's election strategy in 1948. it worked but barely. remember we had -- held up the newspaper. we know this week after obama's speech he may have another strategy. that's to invoke roosevelt as we all know by now and said this economy is failing most of you. it is failing the middle class. he will point to inequality. i personally disagree with that wholeheartedly and i think that's not just the opposition but
these things affect the world economy. what happened in europe affects all of that affects our economy and does not have as much to do with politics as politician was like to make. >> things are getting bet mother in the economy. they are getting better. 8.6% for unemployment. you are seeing companies start to hire again. we had very low interest rates. but this president really can't try to say oh, things aren't less bad. vote for me. >> that can't be the election strategy. i think...
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Sep 8, 2012
09/12
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the economy was in freefall. doesn't the president deserve credit for putting a floor under that collapse? >> well, i think that the point is that, you know, really we could start with a couple of 4 3 3s and i kind of agree with the are you better off question, in the sense as patriots we should ask is our country better off than it was four years ago and there are so many disturbing statistics that you highlight often in your show, a couple of 43s. 43 million americans on food stamps, we've had 43 months of unemployment above 8%, and i think that their identifiable problems right now that could be fixed if we pursued good policies. that's what governor romney is saying. president obama is kind of out of ideas, not telling us where we're going to go from here so i think if you want to be better off four years from now he's not presenting a very good story for why, but i think that governor romney is. i agree it was a very difficult time that got president obama elected but i think if it was a great time then he p
the economy was in freefall. doesn't the president deserve credit for putting a floor under that collapse? >> well, i think that the point is that, you know, really we could start with a couple of 4 3 3s and i kind of agree with the are you better off question, in the sense as patriots we should ask is our country better off than it was four years ago and there are so many disturbing statistics that you highlight often in your show, a couple of 43s. 43 million americans on food stamps,...